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This paper studies, in the context of a New Open Economy Macroeconomics (NOEM) model, the effects...

Following the breakup of the Soviet Union in 1992, several low-income countries in the...

The purpose of this paper is to study the origins of banking crises in sub-Saharan Africa,...

The issue of whether government capital is productive has received a great deal of recent...

This paper examines the issue of whether countries can improve their welfare by coordinating...

We analyze a unique data set and uncover a remarkable result that casts a new light on the home...